Silicon Valley Association Of Realtors
- Assets
- $18.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Cupertino, CA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 94-1717337
Organization Overview
Silicon Valley Association Of Realtors is located in Cupertino, CA. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Silicon Valley Association Of Realtors employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Association Of Realtors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Silicon Valley Association Of Realtors generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SILICON VALLEY ASSOCIATION OF REALTORS IS DEDICATED TO BEING A LEADER IN THE REAL ESTATE INDUSTRY BY PROMOTING THE HIGHEST ETHICAL STANDARDS OF REAL ESTATE PRACTICE, REPRESENTING THE INTEREST OF PROPERTY OWNERS, AND PROVIDING EXCEPTIONAL SERVICE TO ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SILICON VALLEY ASSOCIATION OF REALTORS IS A BOARD OF REALTORS WHOSE PURPOSE IS TO IMPROVE THE BUSINESS CONDITIONS WITHIN THE REAL ESTATE BUSINESS IN THE SAN FRANCISCO, CALIFORNIA BAY AREA/PENINSULA AREA IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Cardus Executive Of | Officer | 40 | $224,534 |
Jeff Bell Treasurer | Officer | 2 | $0 |
Alan Barbic District Cha | Officer | 2 | $0 |
Joanne Fraser President | Officer | 2 | $0 |
Mary Kay Groth Past Preside | Officer | 2 | $0 |
Brett Caviness President El | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $192,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,232 |
| Total Program Service Revenue | $2,604,237 |
| Investment income | $49,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $469,602 |
| Net Gain/Loss on Asset Sales | $25,756 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,403,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,678 |
| Payroll taxes | $75,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,538 |
| Fees for services: Accounting | $31,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,907 |
| Advertising and promotion | $0 |
| Office expenses | $1,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,819 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,124 |
| Insurance | $15,917 |
| All other expenses | $120,938 |
| Total functional expenses | $2,656,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740 |
| Savings and temporary cash investments | $2,405,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,886 |
| Net Land, buildings, and equipment | $13,943,298 |
| Investments—publicly traded securities | $931,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $595,876 |
| Total assets | $18,111,040 |
| Accounts payable and accrued expenses | $181,812 |
| Grants payable | $0 |
| Deferred revenue | $1,210,218 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $948,803 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $264,841 |
| Total liabilities | $2,605,674 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,505,366 |
| Total liabilities and net assets/fund balances | $18,111,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |